ispace is a Japanese lunar exploration company that aims to provide low-cost and frequent transportation services to the Moon. They specialize in designing and building lunar landers and rovers for payload delivery and data collection. ispace has partnerships with organizations like JAXA and ESA, and their customers include government space agencies, research institutions, and private companies. The company's vision is to expand human presence beyond Earth by enabling the utilization of lunar resources.
All verified mentions of this organization in source documents.
ispace aims to stabilize its financial foundation through the increase in capital.
ispace plans to sell 19.2 million shares in a public offering to source funds.
On October 6, 2025, ispace decided to issue new shares through a third-party allocation to Takasago Thermal Engineering and Kurita Water Industries.
Takasago Thermal Engineering has collaborated with ispace in thermal utilization and water electrolysis technology.
ispace and Takasago Thermal Engineering renewed a memorandum to jointly develop proof-of-concept technology for water recovery, purification, and reuse systems on the lunar surface.
Takasago Thermal Engineering participated as a corporate partner in ispace's lunar exploration program 'HAKUTO-R' in December 2019.
ispace and Takasago Thermal Engineering signed a memorandum to proceed with joint studies on water resource mining and thermal control technology development.
ispace aims to secure development funds for two missions planned for launch in 2027 and 2028 through the issuance of new shares, including the third-party allocation.
ispace reported net losses of ¥2.88 billion ($19.2 million) in the first quarter of the fiscal year, nearly double its losses for the same period in 2024.
ispace's cash at the end of Q1 was ¥26.4 billion ($175.6 million), primarily consisting of ¥15 billion ($99.8 million) in loans secured shortly before the quarter ended.
ispace raised approximately 5 billion yen through capital increase, with about 3 billion yen from Takasago Thermal Engineering and about 2 billion yen from Kurita Water Industries.
Kurita Water Industries has participated further as a corporate partner for ispace.
ispace plans to improve technology and quality by reflecting knowledge gained from past missions in the design of missions 3 and 4 scheduled for launch in 2027 and 2028.
ispace aims to use the funds from the stock sale to complete hardware improvements for its Missions 3 and 4, expected to launch in 2027 and 2028 respectively.
Kurita Water Industries joined as a supporting company for 'HAKUTO-R' Mission 2 in 2023 and as a corporate partner of the program in 2024.
ispace has allotted shares to individual shareholders, with major portions going to significant Japanese institutions.
ispace plans to issue as many as 49 million new shares of common stock to raise ¥18.3 billion ($121.9 million) for the development and launch of its next two missions to the Moon.
Kurita Water Industries has been involved as a support company in ispace's private lunar exploration program HAKUTO-R Mission 2.
ispace announced a third-party allotment capital increase with Kurita Water Industries and Takasago Thermal Engineering on October 6.
ispace has not yet successfully landed on the lunar surface despite two efforts.